Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) Sees Unusually-High Trading Volume

Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) shares saw an uptick in trading volume on Wednesday . 102,544 shares changed hands during trading, a decline of 31% from the previous session’s volume of 149,363 shares.The stock last traded at $91.54 and had previously closed at $90.37.

Aberdeen Standard Physical Platinum Shares ETF Trading Up 3.5 %

The stock’s fifty day moving average is $90.60 and its two-hundred day moving average is $87.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PPLT. Hsbc Holdings PLC boosted its stake in Aberdeen Standard Physical Platinum Shares ETF by 12.0% during the 3rd quarter. Hsbc Holdings PLC now owns 9,800 shares of the company’s stock valued at $819,000 after acquiring an additional 1,050 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Aberdeen Standard Physical Platinum Shares ETF by 127.3% in the 3rd quarter. Stifel Financial Corp now owns 62,825 shares of the company’s stock worth $5,253,000 after buying an additional 35,187 shares during the last quarter. Scotia Capital Inc. lifted its position in shares of Aberdeen Standard Physical Platinum Shares ETF by 3.9% in the 3rd quarter. Scotia Capital Inc. now owns 4,183 shares of the company’s stock worth $350,000 after buying an additional 157 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Aberdeen Standard Physical Platinum Shares ETF by 0.8% in the 4th quarter. SG Americas Securities LLC now owns 59,555 shares of the company’s stock worth $5,429,000 after buying an additional 500 shares during the last quarter. Finally, Arvest Investments Inc. bought a new position in shares of Aberdeen Standard Physical Platinum Shares ETF in the 4th quarter worth about $1,765,000.

About Aberdeen Standard Physical Platinum Shares ETF

The abrdn Physical Platinum Shares ETF (PPLT) is an exchange-traded fund that is based on the Platinum London PM Fix index. The fund tracks the platinum spot price, less trust expenses, using platinum bullion. PPLT was launched on Jan 8, 2010 and is managed by Abrdn.